Microsoft Corp. finally dangled a higher takeover bid in front of Yahoo Inc. Friday, hoping to reach a friendly deal after weeks of saber rattling.
The Redmond, Wash.-based software maker upped its offer beyond the original value of $44.6 billion, or $31 per share, according to a person familiar with the matter. The specifics of the new offer weren't known by this person, who didn't want to be identified because the negotiations are still confidential.
The New York Times, citing unnamed sources, reported Microsoft boosted the offer by "by several dollars" per share, lending weight to the assertion by many market analysts that Microsoft can afford to pay up to $35 a share. Representatives from Microsoft and Yahoo declined to comment on the negotiations. The talks were expected to continue into the weekend.
In an intriguing twist, Microsoft Chairman Bill Gates and Yahoo President Susan Decker were both expected to be in Omaha, Neb. this weekend to attend Berkshire Hathaway Inc.'s annual meeting. Both Gates and Decker are on the board of the company led by famed investor Warren Buffett. The prospect of a sweetened offer lifted Yahoo shares 80 cents in extended trading after surging $1.86, or nearly 7 percent, to finish the regular session at $28.67.
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The Redmond, Wash.-based software maker upped its offer beyond the original value of $44.6 billion, or $31 per share, according to a person familiar with the matter. The specifics of the new offer weren't known by this person, who didn't want to be identified because the negotiations are still confidential.
The New York Times, citing unnamed sources, reported Microsoft boosted the offer by "by several dollars" per share, lending weight to the assertion by many market analysts that Microsoft can afford to pay up to $35 a share. Representatives from Microsoft and Yahoo declined to comment on the negotiations. The talks were expected to continue into the weekend.
In an intriguing twist, Microsoft Chairman Bill Gates and Yahoo President Susan Decker were both expected to be in Omaha, Neb. this weekend to attend Berkshire Hathaway Inc.'s annual meeting. Both Gates and Decker are on the board of the company led by famed investor Warren Buffett. The prospect of a sweetened offer lifted Yahoo shares 80 cents in extended trading after surging $1.86, or nearly 7 percent, to finish the regular session at $28.67.
















I'm afraid you're wrong there.
In Alexa's rankings:
Google: 2nd
Yahoo: 1st
Windows Live: 4th
Yahoo are already the leader here, so Microsoft would be owning the most visited site in the world.
I'm afraid you're wrong there.
In Alexa's rankings:
Google: 2nd
Yahoo: 1st
Windows Live: 4th
Yahoo are already the leader here, so Microsoft would be owning the most visited site in the world.
How old are you?
*Checks profile*
Oh wait, never mind.
http://www.comscore.com/press/release.asp?press=2068U
Where did you get that info from? Oh! From here: Alexa: Top Sites
Alexa is irrelevant and has been for quite some time.
STV
Last edited by STV on 03 May 2008 - 22:36
*Checks profile*
Oh wait, never mind.
Well, my "41" trumps your mere "22"!
My, what a silly way of determining post value!
I'm afraid you're wrong there.
In Alexa's rankings:
Google: 2nd
Yahoo: 1st
Windows Live: 4th
Yahoo are already the leader here, so Microsoft would be owning the most visited site in the world.
How old are you?
*Checks profile*
Oh wait, never mind.
http://www.comscore.com/press/release.asp?press=2068U
Where did you get that info from? Oh! From here: Alexa: Top Sites
Alexa is irrelevant and has been for quite some time.
STV
OK, I stand corrected. I don't know much about this. I just read the Alexa rankings I get for each page courtesy of IE7Pro! I think it counts how long people spend on each site, and it counts every page linked to each domain. That's probably why Yahoo are top, as they have a million different sections!
Neowin isn't doing too bad, either! We're 3,678 on Alexa!
According to this, MS upped their offer to $33/share while Yahoo wouldn't go lower than $37/share, and the talks broke down so MS might real soon now withdraw the bid altogether.
http://www.techcrunch.com/2008/05/03/break...icrosoft-walks/
Update: Scratch that.. It IS over now:
http://www.microsoft.com/presspass/press/2...ress%20Releases
There will also be no hostile takeover by MS.
Apparently, Microsoft is realizing that it can win by *not* riding to the rescue of a failing company (such as Yahoo).
However, watch a lot of pundits excoriate Microsoft for actually listening to Yahoo saying "No Thanks" after Yahoo implodes.
Quite frankly, as a Yahoo stockholder (that also owns Microsoft and even Google stock), I'm decidedly upset with the Yahoo board's actions, especially since they have not proven that their ability to improve shareholder return is worth their salaries.
However, those that are roundly castigating Microsoft for *not* going hostile and taking over Yahoo are probably the same folks that are castigating the US for *not* sending troops to Darfur to end the slow genocide and civil war going on there (while, at the same time, castigating the US for toppling, and then helping apprehend, Saddam Hussein, who was known to have practiced genocide against Kurds within Iraq itself). In short, doing the right thing when it's in your best interest is somehow wrong, whereas doing the "right thing", even when your own citizens largely oppose it (and its not in your own best interests as a nation, either), is supposed to be good? (Never mind that the United States has NO vital interests in the Sudan; in fact, neither does anyone else! While the United States does not, and has not, imported oil from Iraq since prior to the original 1973 Arab oil embargo, the EU nations have, and largely still do, as does Japan. Therefore, getting rid of Saddam, who we of the West helped create in the first place, was indeed in the best interests of the United States, and even Europe.) Nations act in what is perceived to be their own best interests; yes, that even includes Saddam's attempted robbery-writ-large invasion of Kuwait that touched off Desert Storm. (Remember, we of the West, in particular the US and most of what is now the EU, *supported* Saddam in the war with Iran; how worried was he?)
It continues to strike me as somewhat bonkers that those that roundly protest and call for the US to pull our troops *out* of Iraq (where they actually are doing some real good) do so in order to send them to Darfur in the Sudan (where the US has no vital interests, where our allies have no vital interests, and where even the other nations of Africa have told us to steer clear).
I am in no doubt that MS desperately want to get rid of it's huge pile of cash - plummeting (fiat) paper dollars - in the same ways people of the world are now buying commodities. The dollar is in trouble, and MS want to have something less tenuous, than a load green paper (or dodgey US government bonds).
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